Message from the President and CEO Phil Baldwin
After more than 10 years with Southern Bancorp Inc. (SBI), I have decided to retire as President and CEO. My family and I have been considering retirement for some time and feel the time is now right to move forward with our plans. Southern will be in very good hands after my retirement based on the succession plan that we've been implementing over the past few months.
I will assist Southern to help ensure a seamless transition to new leadership. After the transition to new management is complete, I hope to work much less, but intend to continue to work in furtherance of providing help to those in need.
Scott Fife has been promoted to President and CEO of Southern Bancorp Bank, a wholly owned subsidiary of SBI. Scott most recently served as President of Southern Bancorp Bank's El Dorado market. He joined Southern in June 2009 with more than 20 years of banking experience. He will manage all banking operations for Southern Bancorp.
Tanya Wright will continue to serve as Group President of SBI and manage all mission activities as well as several key functions—human resources, audit, compliance, marketing and communications—for both the bank and nonprofits. She joined Southern in January 2010 from Heifer International, where she served as Global Executive Vice President.
Walter Smiley, Chairman of the SBI Board of Directors, will serve as Chairman and Interim CEO of Southern Bancorp, Inc., the holding company for SBI's community development bank and nonprofit affiliates. Walter helped establish Southern Bancorp and has served on the board since its founding in 1986.
It has been an honor and privilege to work with Southern's employees, partners, and stakeholders. Together, we help provide economic and educational opportunities for thousands of people through programs like the Arkadelphia Promise, the Great River Promise (both of which are described below in more detail) and comprehensive community development planning initiatives throughout our service area. I'm looking forward to watching Southern magnify its financial strength and mission impact.
> Learn more about Southern Bancorp's mission